Jet2 Continues £100m Buyback With New Share Repurchase and Cancellation

The latest update is out from Jet2 PLC ( (GB:JET2) ).

Jet2 plc has repurchased 130,201 ordinary shares on 5 March 2026 as part of its previously announced share buyback programme of up to £100 million. The shares were bought at prices between £11.82 and £12.13, with a volume-weighted average price of £11.9713, and the company plans to cancel all of the repurchased stock.

The transaction, executed by Jefferies International across multiple trading venues, continues Jet2’s capital return strategy authorised by shareholders at the 2025 annual meeting. Cancelling the shares will reduce the company’s share count, potentially enhancing earnings per share and signalling confidence in its financial position to investors.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £1348.00 price target. To see the full list of analyst forecasts on Jet2 PLC stock, see the GB:JET2 Stock Forecast page.

Spark’s Take on GB:JET2 Stock

According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.

Jet2 PLC’s strong financial performance, strategic growth initiatives, and undervaluation relative to peers are significant strengths. The company’s robust earnings call and proactive corporate events, such as the share buyback program, further enhance its investment appeal. However, concerns about cash flow and rising operational costs slightly temper the overall outlook.

To see Spark’s full report on GB:JET2 stock, click here.

More about Jet2 PLC

Jet2 plc is a U.K.-based leisure travel group, operating primarily in the package holidays and low-cost air travel market. The company focuses on serving price-sensitive leisure customers, offering flights and holiday packages to popular tourist destinations, and is listed on London’s AIM market under the ticker GB00B1722W11.

Average Trading Volume: 717,653

Technical Sentiment Signal: Hold

Current Market Cap: £2.22B

For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.